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collapsed, we have to rebuild it in terms of what it could be. terms of what it could be. there is a lot of energy, but it has turned to dust. has turned to dust. you come down here tonight, what is your involvement with it? your involvement with it? attendance, and attitude to work and colleagues. and colleagues. jobs but not enough people to put them in. them in. around the corner, the dwp, they are reallyjust ticking a lot ofs. are reallyjust ticking a lot ofs. that is thejobcentre? that is the jobcentre? brokering jobs for some of these kids, they are not on the park. kids, they are not on the park. i like this as a working model. like this as a working model. would givejobcentre moneys to something like this? something like this? partnerships like this, this is the future as far as i see. future as far as i see. has moved in to feed the most vulnerable. vulnerable. thinks these are a positive development for us. development for us. these will be around definitely. around definitely. mosh pressure to get more and more food distributed. food distributed. couple of years this community has shown
collapsed, we have to rebuild it in terms of what it could be. terms of what it could be. there is a lot of energy, but it has turned to dust. has turned to dust. you come down here tonight, what is your involvement with it? your involvement with it? attendance, and attitude to work and colleagues. and colleagues. jobs but not enough people to put them in. them in. around the corner, the dwp, they are reallyjust ticking a lot ofs. are reallyjust ticking a lot ofs. that is thejobcentre? that is...
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Feb 18, 2013
02/13
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we're really seeing energy technology change the game in a number of these industries, energy included, because of innovation. >> absolutely. energy is really a key target of technology, both in terms of production side but also there is a lot more efficiency in the corporate side and in households in the way we consume energy. there are new light bulbs, new building codes, new equipment that is energy efficient. >> is that where the innovation is in this country or is it elsewhere? is this country still number one in innovation? >> i think we're still number one in innovation. i talk to a lot of companies and american companies are very innovative, but there's more competition, so we have to continue to up our game, which means utilizing our energy, utilizing innovative technology, educational system needs to be a world-class educational system if we're going to have world-class companies, and we need to build out our infrastructure. other countries are doing that. we need to do likewise. >> good to see you. bob hormats joining us. >>> up next, we are "on the money," and we are on the
we're really seeing energy technology change the game in a number of these industries, energy included, because of innovation. >> absolutely. energy is really a key target of technology, both in terms of production side but also there is a lot more efficiency in the corporate side and in households in the way we consume energy. there are new light bulbs, new building codes, new equipment that is energy efficient. >> is that where the innovation is in this country or is it elsewhere?...
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Feb 13, 2013
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of course, solar and wind energy should be a part of our energy portfolio. but god also blessed america with abundant coal, oil and natural gas. instead of wasting more taxpayer money on so-called clean energy companies like solyndra, let's open up more federal lands for safe and responsible exploration. and let's reform our energy regulations so they're reasonable and based on common sense. if we can grow our economy industry, it will make us energy-independent. it will create middle class jobs, and it will help bring manufacturing back from places like china. simplifying our tax code will also help the middle class, because it will make it easier for small businesses to hire and grow. and we agree with the president. we should lower our corporate tax rate, which is one of the highest in the world. so that companies will start bringing their money and their jobs back here from overseas. we can also help grow our economy if we have a legal immigration system that allows us to attract and assimilate the world's best and brightest. we need a responsible perman
of course, solar and wind energy should be a part of our energy portfolio. but god also blessed america with abundant coal, oil and natural gas. instead of wasting more taxpayer money on so-called clean energy companies like solyndra, let's open up more federal lands for safe and responsible exploration. and let's reform our energy regulations so they're reasonable and based on common sense. if we can grow our economy industry, it will make us energy-independent. it will create middle class...
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Feb 12, 2013
02/13
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with clean energy, it should be an all energy approach. not just clean energy. i think it was to mr. bob lutz's point, obviously natural gas is key. and it's going to be one of the most important things to get manufacturing going again. >> do you think the president would give the okay to keystone? a lot of people are talking about keystone. not only as a pipe line, but as a symbolic nature. because people are worried about over-regulation. not just keystone, robert. but also the idea of putting the coal business out of business. that somehow may sneak into this speech. >> i mean, listen. i think streamlining regulation and permitting is critical. i spent a lot of time with the office of information regulation. a lot of good things have happened. but we know over the last decade there's an amalgamation put on the books. so it's tough to decommission and it becomes a pile of you know what. i think at the end of the day -- listen. the jobs council was supportive of the excel pipeline. that is something we're in agreement with the president that an all energy appro
with clean energy, it should be an all energy approach. not just clean energy. i think it was to mr. bob lutz's point, obviously natural gas is key. and it's going to be one of the most important things to get manufacturing going again. >> do you think the president would give the okay to keystone? a lot of people are talking about keystone. not only as a pipe line, but as a symbolic nature. because people are worried about over-regulation. not just keystone, robert. but also the idea of...
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Feb 14, 2013
02/13
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but let's go to green energy. here we go again. he calls for more green energy subsidies, probably hundreds of billions of dollars. let's just review. what went under so far in the first term for green energy? solyndra, a-1 battery, solar trust. it's a bunch of crony capitalism. tell us how wrong that is. let the market choose, not the government. let the market choose, not the government. >> look, i favor letting the market choose but i'll give that a 7 out of 10 in the wrong scale because you're picking the ones that didn't work and it was meant to be a big portfolio of all different kinds of energy when it was designed and we've had this all of the above energy policy, that's the only way to do it. so just picking three or four companies i don't think is that instructive. >> there's another ten i could have used. >> but explores natural gas, too. >> he doesn't say that. he should have come out for the keystone pipeline. do you think the energy department should be a hedge fund portfolio of all these companies they own? that's wh
but let's go to green energy. here we go again. he calls for more green energy subsidies, probably hundreds of billions of dollars. let's just review. what went under so far in the first term for green energy? solyndra, a-1 battery, solar trust. it's a bunch of crony capitalism. tell us how wrong that is. let the market choose, not the government. let the market choose, not the government. >> look, i favor letting the market choose but i'll give that a 7 out of 10 in the wrong scale...
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Feb 13, 2013
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energy costs will it be to go down. we'll become energy self-sufficient and you watch what happens to the cost of manufacturing. i'm going to bet you our manufacturing does well because -- not because our dollar is going to weaken because we'll actually have less expenses going out to energy and that will make us competitive. >> but unless the next energy czar the president appoints like the past one thinks maybe put a tax on gas to get it to $10 so the motor mounds for the windmills on chevys works a whole lot better. >> rick, you can bring your blood pressure down. he won't have to do it. we'll have enough cheap energy that we're going to be okay with. >> that really probably the single sort of biggest conversation amongst leaders in davos, that for the u.s., probably the biggest opportunity for actual moving the needle in terms of energy is shale. >> but, maria -- >> that's true. >> dramatic globalismcations in terms of the u.s. current account deficit. if you think about the money we ship now to opec and some of tha
energy costs will it be to go down. we'll become energy self-sufficient and you watch what happens to the cost of manufacturing. i'm going to bet you our manufacturing does well because -- not because our dollar is going to weaken because we'll actually have less expenses going out to energy and that will make us competitive. >> but unless the next energy czar the president appoints like the past one thinks maybe put a tax on gas to get it to $10 so the motor mounds for the windmills on...
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Feb 19, 2013
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, and we could actually become an energy exporter by 2020. to what would you attribute the price of gasoline given all of that? >> i think, maria, there's a couple things going on. first of all, there's a lot of regulations. i believe there are 15 different blends right now have gasoline. i think what we're seeing right now is a temporary problem with some of the blends that are being created, especially out there in california. the other thing is a lot of the shale play is in the natural gas play and the solution to that is to somehow create more natural gas, use natural gas to fuel more of our automobiles and vehicles around the country. that's -- that's the other thing. the other problem, of course, is that the delivery of this energy is still a ways off. >> do you agree, lindsey? >> i do. i was just going to point out what's so amazing right now the consumer still is spending. we saw the consumer spend through the fourth quarter into january, as expected, but the problem is when we talk about as expected growth, 0.1 is not synonymous with
, and we could actually become an energy exporter by 2020. to what would you attribute the price of gasoline given all of that? >> i think, maria, there's a couple things going on. first of all, there's a lot of regulations. i believe there are 15 different blends right now have gasoline. i think what we're seeing right now is a temporary problem with some of the blends that are being created, especially out there in california. the other thing is a lot of the shale play is in the natural...
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Feb 19, 2013
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>> mentioned energy earlier in the show. get long ieo. i think it keeps going from here. >> the marblettes. >> thanks for watching. back here again at 5:00 thom for more "fast money." don't go anywhere. "mad money" with jim cramer starts right now. >>> i'm jim cramer. welcome to my world. >> you need to get in the game! >> they're going to go out of bit. he's nuts. they're nuts. they know nothing. >>> i always like to say there's a bull market somewhere. >> "mad money," you can't afford to miss it. >>> hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. i'm trying to educate and teach, so call me at 1-800-743-ccnbc. >>> people like -- the s&p falling 7.3%, and the nasdaq climbed 0.68%. >> house of pleasure. >>> it's a natural instinct to fight given how immediate yolk are fights have been, but buy the dips, sell the rips attitude has been the way to go. the way to win since 2000, but it sure isn't winning now. you sold the rips, you sold a ton of stocks a long time ago. you don't have any stoc
>> mentioned energy earlier in the show. get long ieo. i think it keeps going from here. >> the marblettes. >> thanks for watching. back here again at 5:00 thom for more "fast money." don't go anywhere. "mad money" with jim cramer starts right now. >>> i'm jim cramer. welcome to my world. >> you need to get in the game! >> they're going to go out of bit. he's nuts. they're nuts. they know nothing. >>> i always like to say...
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Feb 11, 2013
02/13
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on a path to energy independence much sooner than you might expect. ed morse from citigroup joins us. ed, always great to see you. >> good to see you. >> we had the resources in north america to be the middle east in terms of oil for awhile. so, what now is changing the environment such that it can happen? >> well, we had a price trigger over the last decade and that led to innovation and the employment of a lot of cap tam by a lot of companies and here we are growing our production base by over million barrels a day per year and there's no real end in sight. >> a key also to this is oil demand will come down. we're actually hitting the sort of, this trajectory growing independence as the confluence of factors are forming where the consumption will come down. >> the consumption has come down. we were consuming 22 million barrels a day only in 2005 and now we are consuming 3 million barrels a day less than that. and a lot of that has been in the last five years. >> so, what's going to be the incentive for oil companies to continue producing to reach th
on a path to energy independence much sooner than you might expect. ed morse from citigroup joins us. ed, always great to see you. >> good to see you. >> we had the resources in north america to be the middle east in terms of oil for awhile. so, what now is changing the environment such that it can happen? >> well, we had a price trigger over the last decade and that led to innovation and the employment of a lot of cap tam by a lot of companies and here we are growing our...
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Feb 12, 2013
02/13
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a second theme, energy independence. the president likely to voice his support for clean energy. kleintop points out stocks, producers of wind, solar and other clean energy, sources have been volatile around these speeches in recent years, sometimes seeing a big bounce that soon fades. some of those names were in the green today. first solar enjoying a pop. it's up some 9% so far this year. investors though unlikely to hear anything on natural gas or coal that could turn around slumping coal stocks. peabody energy and archcole down 10% and 19% respectively this year. back to you, guys. >> all right, josh, thanks very much. yes, tonight president obama expected to address among many issues the automatic spending cuts scheduled to hit on march 1st. >> let's bring in democratic congressman chris van hollen of maryland who is no fan of these cuts. good to see you, sir. thanks for joining us. >> good to be with you. >> what's the alternative to the cuts right now? what would you like to see instead rather than the march 1st cuts taking effect? >> i would like to achieve the same amoun
a second theme, energy independence. the president likely to voice his support for clean energy. kleintop points out stocks, producers of wind, solar and other clean energy, sources have been volatile around these speeches in recent years, sometimes seeing a big bounce that soon fades. some of those names were in the green today. first solar enjoying a pop. it's up some 9% so far this year. investors though unlikely to hear anything on natural gas or coal that could turn around slumping coal...
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Feb 16, 2013
02/13
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because energy. he says he's for manufacturing. he says he's for energy. i think it's solar panels if you ask me. this is one of america's greatest industries right now. >> absolutely. i wish keystone would have gotten done. but to the point about taxing the wealthy, which is really crucial, i want to give you a statistic. 18 times in the post-war era we have raised taxes as part of a deficit reduction strategy. each time the market has gone up. >> not tax rates. >> by an average of 13.5%. so people might not like tax hikes. but markets do. >> all i know is during the great boom of the reagan and clinton years there were some small tax increases. most of them were revenue reform measures. but marginal tax rates came way down. and in particular, and i'll give bill clinton some credit on this, the capital gains tax came down. working with newt gingrich. so i don't know. do you think -- seriously, from your experience, can we tax ourselves into prosperity? >> no. of course we can't. there's no possible way. it just doesn't happen. >> can we tax ourselves into
because energy. he says he's for manufacturing. he says he's for energy. i think it's solar panels if you ask me. this is one of america's greatest industries right now. >> absolutely. i wish keystone would have gotten done. but to the point about taxing the wealthy, which is really crucial, i want to give you a statistic. 18 times in the post-war era we have raised taxes as part of a deficit reduction strategy. each time the market has gone up. >> not tax rates. >> by an...
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Feb 13, 2013
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he talked about energy policy, keeping energy prices low. and you know, two of the most important numbers for an economy to grow are the cost of money and cost of energy. i think his emphasis on energy was also an important message. i think with regard to overall competitiveness, i heard very good things in his speech. >> if you were a small business owner or even a -- a person, ceo, large business owner, you felt like he extended an olive branch to your efforts in the sflek. >> yeah -- the private sector? >> yeah, i ran a business before coming here, people care about two things, they care about competitiveness, their own competitiveness and the country's overall competitiveness. they care about the fiscal trajectory of the country. i think he clearly made strong points on the overall competitiveness, and as it relates to the fiscal traject y trajectory, i don't think we were able to get into many details in the speech. but the president talked about why that's important. >> more so than in the first term, congressman? i know you've heard b
he talked about energy policy, keeping energy prices low. and you know, two of the most important numbers for an economy to grow are the cost of money and cost of energy. i think his emphasis on energy was also an important message. i think with regard to overall competitiveness, i heard very good things in his speech. >> if you were a small business owner or even a -- a person, ceo, large business owner, you felt like he extended an olive branch to your efforts in the sflek. >>...
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let's check out the latest news in energy. sharon epperson is at the nymex this morning. >> we are looking at a little bit of risk appetite coming into the marketplace and helping to support oil prices. brent crude and wti both higher. and north korea, they're talking about what they're doing there in terms of confirming the nuclear test and capability for missile capacity, and even closer. they're also talking about iran and the fact that iran has talked about converting enriched uranium into reactor fuel. now, some taking a run at its words, saying maybe this is a bit bearish. they won't be close to creating a bomb, others saying it will cut the time in the amount of time it takes them to do so. wti getting a bit of the lift as we see the unwinding of that premium we've seen. brent crude to wti futures, which has been so extreme. another factor helping the oil prices, opec. opec's latest monthly forecast coming out, talking about the world demand growth is going to be stronger than they anticipated, and there's going to be g
let's check out the latest news in energy. sharon epperson is at the nymex this morning. >> we are looking at a little bit of risk appetite coming into the marketplace and helping to support oil prices. brent crude and wti both higher. and north korea, they're talking about what they're doing there in terms of confirming the nuclear test and capability for missile capacity, and even closer. they're also talking about iran and the fact that iran has talked about converting enriched uranium...
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Feb 19, 2013
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that's the year over year price change in the energy commodities versus energy services. the services are the electricity and natural gas. those have been negative. it's the smaller part of the energy bill but there is an offset. >> it all evens out. >> it doesn't all even out. it is on the upswing. in general there's an offset there. i'm paying less for gasoline, more for gasoline, less for natural gas. those two combined, 9 or 10% of the total consumer bill, consumer spending. it's not that big a deal in total but in our brains it's a huge amount. >> therefore pay more for gasoline. >> bring in chris faulkner, president and ceo of bright link oil and gas. you heard our conversation, is four the new three. >> four is the new three and five is the new four. gas at $4.11 and the whole world ended. reported folks going to ride the bike to work, not going to drive my car, we're not that far but numbers seem staggeringly different. >> you read things like refinery outages, hurricane sandy, et cetera, et cetera. wouldn't it be temporary. this gasoline spike, therefore, is also
that's the year over year price change in the energy commodities versus energy services. the services are the electricity and natural gas. those have been negative. it's the smaller part of the energy bill but there is an offset. >> it all evens out. >> it doesn't all even out. it is on the upswing. in general there's an offset there. i'm paying less for gasoline, more for gasoline, less for natural gas. those two combined, 9 or 10% of the total consumer bill, consumer spending....
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Feb 12, 2013
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if you take energy, for example, we really have implemented an energy policy that will be able to take advantage of some of those blessings that have come our way. >> what do you make of the stock market, the fact that here we are at the fresh highs, literally made today that were less than 1% from all-time highs on the dow jones industrial average, despite the fact that there is a lot of noise out there. >> there always is a lot of noise. could i think of a million things that could go wrong and what people underestimate or underassess is that things could also go right. there's a lot of things going right, and the equity market may well have it right. look, interest rates are very low. now you may argue in hindsight, you know, a year from now that they were kept too low for too long and i understand why that's being done. no onets
if you take energy, for example, we really have implemented an energy policy that will be able to take advantage of some of those blessings that have come our way. >> what do you make of the stock market, the fact that here we are at the fresh highs, literally made today that were less than 1% from all-time highs on the dow jones industrial average, despite the fact that there is a lot of noise out there. >> there always is a lot of noise. could i think of a million things that...
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Feb 11, 2013
02/13
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but the north here is, in fact, what matters is energy because if you can focus and concentrate energy, even for or especially for short periods of time, so, say, 60 to 90 minutes, but you're fully focused, you're not distracted, then you can get more done in less time. i tell the story in this piece of writing my last two books in 90-minute sprints with breaks in between each of those sprints. .i was able to where is those in less than six months. when i worked ten hours a day and for months upon months, the other books took me over an hour to write. i was transformed by research about sleep. stanford, who worked with stanford athletes, she has discovered when she gets them to move from an average to 7 to 7 1/2 hours of sleep to ten hours of sleep for a period of ten weeks, they increase their shooting by 10%. we have undervalued all forms of renewalal and recovery. dramatically undervalued them. so when you are really rested or renewed, you're capable of higher cognition, of greater creativity. >> now, you worked with lots of companies and you talk about this. how receptive are compa
but the north here is, in fact, what matters is energy because if you can focus and concentrate energy, even for or especially for short periods of time, so, say, 60 to 90 minutes, but you're fully focused, you're not distracted, then you can get more done in less time. i tell the story in this piece of writing my last two books in 90-minute sprints with breaks in between each of those sprints. .i was able to where is those in less than six months. when i worked ten hours a day and for months...
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Feb 13, 2013
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using energy resources. those are the types of proposals that he needs to make. that is what creates a lot of revenue. that would reduce our deficits but that is not the change of the course unfortunately. >> might obama surprise us tonight? larry summers wrote about this. might he surprise us and be more pro growth? >> he is. he has to have a strong middle class. the middle class has been under attack. and i think what you are boeing to see this president is going to want to put middle class people to work. we want to help the middle class but we have had the obama formula. we have had the spending and the temporary tax rebates and we haven't had the growth. where is the goods on this where is the beef on this? >> when we have had what we had in 2008, i think we did pretty well from that. it is true. in order to build this country. you have to have a strong middle class. the top 1% makes 225 times as much as the bottom. i don't think we ought to raise taxes but we need to make sure the middle chas gclass gets a break. >> one of the miracle parts of the economy i
using energy resources. those are the types of proposals that he needs to make. that is what creates a lot of revenue. that would reduce our deficits but that is not the change of the course unfortunately. >> might obama surprise us tonight? larry summers wrote about this. might he surprise us and be more pro growth? >> he is. he has to have a strong middle class. the middle class has been under attack. and i think what you are boeing to see this president is going to want to put...
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Feb 19, 2013
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more to the energy bill and gasoline. consumer pay for both energy commodities, gasoline and diesel and energy services, electricity and natural gas. the gas part, that's the part that's been going up, the biggest part. the smaller piece, the utilities, they have been dock down. that's something of an offset, why the worst case scenarios courtney spun out may not come true. add up uncertainties, high gasoline prices, sequester, payroll taxes, security, growth, that line that goes through the green number, that's the range of forecast. you can see for the first quarter it's the largest, 3% to 1.5%. maybe lower if we get the sequester, payroll tax ends up worse than we thought. it's supposed to increase as the year goes by. two important off sets could be out there. housing is one. hiring and wages another. better housing values can make consumers feel more confident in spending. hiring and wages could give them the means to do so. >> i can see how higher gasoline prices canredirect spending. isn't gasoline one of the const
more to the energy bill and gasoline. consumer pay for both energy commodities, gasoline and diesel and energy services, electricity and natural gas. the gas part, that's the part that's been going up, the biggest part. the smaller piece, the utilities, they have been dock down. that's something of an offset, why the worst case scenarios courtney spun out may not come true. add up uncertainties, high gasoline prices, sequester, payroll taxes, security, growth, that line that goes through the...
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Feb 15, 2013
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. >> taxes, regulation, work force, energy. those are the issues that really drive us. we want manufacturers in the united states but as long as we have the policies that we have in washington right now, they're not goung vest here. in fact, two-thirds of the manufacturers say that the climate in washington is such that they do not want continue to vest. >> i get that. jay timmons, thank you for being here. diana roth, jim pet koukis, what do you think of this? >> president obama doesn't count oil as manufacturing. he picks and chooses between good manufacturing and bad manufactures. >> am i wrong to ask the request about what constitutes manufacturing? i don't understand that. what's manufacturing? >> i don't think it's an unfair question. i think the larger story is why we're picking any one particular industry over another. at the end of the day, you want jobs to be created where they're going to be created and you doesn't want anybody picking that particular industry. i don't know why manufacturing is better than toy building or home building or anything else. >> it
. >> taxes, regulation, work force, energy. those are the issues that really drive us. we want manufacturers in the united states but as long as we have the policies that we have in washington right now, they're not goung vest here. in fact, two-thirds of the manufacturers say that the climate in washington is such that they do not want continue to vest. >> i get that. jay timmons, thank you for being here. diana roth, jim pet koukis, what do you think of this? >> president...
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Feb 13, 2013
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you need to think about energy security for the country, as well as economic growth. and environmental stewardship. what he wants to do with his executive orders i think is going to hurt our economic growth. >> minimum wage, a big talker this morning. we have a bunch of retail and hotel executives saying it would affect our business, probably wouldn't affect our hiring plans overall. but you want the market to price itself in what a job is paying someone. >> i'm opposed to raising the minimum wage. i think the market determines that. we want to focus on maximizing opportunities for all americans, which is what marco rubio talked about in his response. >> raising it already above the federal minimum wage. >> the states get to decide what it can do. i think it hurts the economy. >> if there was a sweet spot in terms of compromise, are we left with immigration? is that the number one potential result of all of this? >> i'd like to actually get a big deal economically, something like ronald reagan and tip o'neill put together 25 or so years ago, where you actually do over
you need to think about energy security for the country, as well as economic growth. and environmental stewardship. what he wants to do with his executive orders i think is going to hurt our economic growth. >> minimum wage, a big talker this morning. we have a bunch of retail and hotel executives saying it would affect our business, probably wouldn't affect our hiring plans overall. but you want the market to price itself in what a job is paying someone. >> i'm opposed to raising...
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Feb 15, 2013
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how about energy stocks. the energy sector held up very, very well so far this year. we are near highs on most of these. today with the strong dollar, oil down and all of the big guys, apache and exploration production stocks and drillers like trans ocean and weather ford all on the down side. we did get a reversal yesterday with the airlines for a first time if a long time. all back up again today and we have regained losses we had yesterday. >> never behind, right? >> sort of just was a momentary blip here and people were thinking that now with all of the consolidation essentially over, allow the cost savings to realize how much more we are left in the airlines and dramatically raise the prices. >> two engines for the u.s. equity markets, lately. you're why as it went higher, so did our stock market and energy. >> both were going lower now and that served to stall our rally here. >> we have been stalled for a week and it has been churning and churning. unable it pierce the upper limit 55. every time we have the s & p, the market backs off. i'm not surprised with the
how about energy stocks. the energy sector held up very, very well so far this year. we are near highs on most of these. today with the strong dollar, oil down and all of the big guys, apache and exploration production stocks and drillers like trans ocean and weather ford all on the down side. we did get a reversal yesterday with the airlines for a first time if a long time. all back up again today and we have regained losses we had yesterday. >> never behind, right? >> sort of just...
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>> energy is leading the market higher and really been a sector that a lot of the investment banking community at the beginning of the year did not focus on. do you believe this further appreciation is warranted and is it indicative of the overall sentiment of the market? >> you have to look at commodities and basically try to get a sense of is there a commodities cycle in the up or down cycle. for this year they might see strength going back to china. if china picks up steam some commodities for instance like oil will do well which will benefit the energy space. >> if you like financials i'm going to guess you really don't like treasuries. >> correct. >> in order for the banks to do well the net products have to do well and for cyclicals to do well the economy has to improve. where do you see the ten-year going? right now it's just over 2%. >> right now it's tough to answer that but if you look for the next year or two years, the treasury yield to be up higher. inflation now is at 2%, the ten-year yields should be above that at least and we're not even there yet so i think there is
>> energy is leading the market higher and really been a sector that a lot of the investment banking community at the beginning of the year did not focus on. do you believe this further appreciation is warranted and is it indicative of the overall sentiment of the market? >> you have to look at commodities and basically try to get a sense of is there a commodities cycle in the up or down cycle. for this year they might see strength going back to china. if china picks up steam some...
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Feb 14, 2013
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but when i started losing energy and became moody...
but when i started losing energy and became moody...
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Feb 12, 2013
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in energy? independence? self-sufficiency? what if we drew on all of the energy sources and what if we simply had new criteria? one is effectiveness and efficiency of our energy supply. and two is environmental responsibility. you know, that would be a what is winning goal, and it would be a set of choices. so i think our challenge in politics is because of the short-term cycle, because of the pressure to be re-elected, we have a very difficult time putting together a strategy. infrastructure. you could argue the same issue. there are a few areas where government clearly has value. and i think they would add more value if they could articulate a simple set of goals and strategies. >> is anybody doing that? >> i think they are at the local level. i mean if you look at certain municipalities, and certain mayors, i think some governors are clearly trying to do it. i mean i don't want to get in to picking, you know, this politician or that politician. that's way beyond my area of expertise. >> but you point to a simpler issue whic
in energy? independence? self-sufficiency? what if we drew on all of the energy sources and what if we simply had new criteria? one is effectiveness and efficiency of our energy supply. and two is environmental responsibility. you know, that would be a what is winning goal, and it would be a set of choices. so i think our challenge in politics is because of the short-term cycle, because of the pressure to be re-elected, we have a very difficult time putting together a strategy. infrastructure....
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speaking on cnbc's "street signs," blankfein said the low energy market and the strong market rebound are reasons to be bullish. >> we have had a lot of problems. we haven't chewed through all of them. we haven't even chewed through all or part of them. but we've chewed through a lot of it. you know something, nobody sounds a gun or blows a whistle when things have gotten better. sentiment is lagging. it's still slow. but i think the market as a whole, no one individual, is looking ahead and said with these advantages, i think that we could be on the threshold of a bull market. >> blankfein says while there'll are opportunity for growth in the u.s., there are sill risks in europe saying the euro is making it more difficult to ease monetary policy. >> when you hear the ceo saying we're on the threshold of a bull market -- >> yeah. are you suggesting that -- >> i don't know. what kind of signal sell that? >> how strong a signal? jamie dimon has baseball the voice and face of the banking industry of wall street to some extent. when you hear lloyd blankfein talk about his assessment of th
speaking on cnbc's "street signs," blankfein said the low energy market and the strong market rebound are reasons to be bullish. >> we have had a lot of problems. we haven't chewed through all of them. we haven't even chewed through all or part of them. but we've chewed through a lot of it. you know something, nobody sounds a gun or blows a whistle when things have gotten better. sentiment is lagging. it's still slow. but i think the market as a whole, no one individual, is...
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Feb 11, 2013
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only one can be a tech, only one can be a health, only one can be an energy or a food and beverage, but what if you're not sure? i need you to err on the side of caution. we've played this game so many eyears a lot of people were not sure. if two stocks trade together, if they succeed or fail based on the same failure, then you're not diverse philadelphia. take a look at their stock trading history. go -- the graphs are everywhere these days. are they in tandem? pick one, drop another. if the oil producer is the same sector. and i'm not doing this to be arbitrary and capricious or make it more difficult to invest. these aren't big technicalities people. when you get too concentrated in one area, then the moment something bad happens you'll want the throw yourself off the bridge. the losses will be -- enormous. imagine if you own too many health care stocks right before they got whacked by congress. how about banks in the financial regulatory reform that congress produced in response to the crisis? and this soured too many people, too many tech stocks going to the dotcom bust or perhaps
only one can be a tech, only one can be a health, only one can be an energy or a food and beverage, but what if you're not sure? i need you to err on the side of caution. we've played this game so many eyears a lot of people were not sure. if two stocks trade together, if they succeed or fail based on the same failure, then you're not diverse philadelphia. take a look at their stock trading history. go -- the graphs are everywhere these days. are they in tandem? pick one, drop another. if the...
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Feb 13, 2013
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national atomic energy agency in terms of nuclear talks they've been having. trades have been watching to see what would come out of talks. right now it appears the talks will continue. but the fact that they seem to be at least willing to have discussions here, this is seen as bearish and taking the prem yum out of marketplace. that's why traders say we are looking at oil. wti price at session lows. . it is basically down on the session. this is an interesting development. we will have to continue to watch to see what occur here's and whether iran is truthful and will continue to talk and has in fact agreed on some points exactly what those points are remain to be seen. >> oil back in the news in big way. sharon, thank you very much. >> sure. >> meantime, we brought down president obama's state of the union speech last night. the buzz word, probably no surprise, was jobs. but another word he barely mentioned, was infrastructure. saying that just three times over the course of the hour-long speech. >> and given bad roads and possibly even dangerous bridges aro
national atomic energy agency in terms of nuclear talks they've been having. trades have been watching to see what would come out of talks. right now it appears the talks will continue. but the fact that they seem to be at least willing to have discussions here, this is seen as bearish and taking the prem yum out of marketplace. that's why traders say we are looking at oil. wti price at session lows. . it is basically down on the session. this is an interesting development. we will have to...
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Feb 11, 2013
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like energy. any of you guys want to take on carl. proof activism works when you have permanent capital in place. cvr, 2 billion, netflix, a quit $800 million, raise your hand, we can call carl. nobody? >> the guy's a winner on these? this is this is investment game. he's actually made it work. probably the best way to do is buy his stock. the problem you have with carl if you follow him into a stock after he's announced he's been into it, he can dump it and you won't know it. you're much better off following him iep and following the others. >> he's kill it with cep annette flicks. >> activism as public as ever with what they're calling for apple to do. good for the markets or bad? >> i think it's terrific for the markets. like being in 30 foot surf, would you rather be with a professional who knows where to be, how to get over the wave and how to take care of yourself if you can't or a bunch of amateurs. carl is one of the best. doesn't do things frivolously, understands what transparency and governance is. word structures tend to b
like energy. any of you guys want to take on carl. proof activism works when you have permanent capital in place. cvr, 2 billion, netflix, a quit $800 million, raise your hand, we can call carl. nobody? >> the guy's a winner on these? this is this is investment game. he's actually made it work. probably the best way to do is buy his stock. the problem you have with carl if you follow him into a stock after he's announced he's been into it, he can dump it and you won't know it. you're much...
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Feb 11, 2013
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we're also watching what's happening in the energy space. a pullback after hitting the yearly highs for brent crude and for refined fuels on friday. the pullback that we're seeing, though, in brent, really not that severe as traders are saying, technically it's still a bullish market. we're looking at bullish sentiment at the highest level since the long positions in the brent crude market. not much relief at the pump. prices at the pump about 30 cents higher than a month ago for unleaded gasoline. even though the futures are a little bit on the decline, not such good luck for drivers at the gas pump. >> sharon epperson, thank you. coming up, winter storm nemo blankets the northeast and knocks out power for tens of thousands of people. an update on the recovery from the storm and how one new england utility is faring and trying to turn the lights back on. take a look at this morning's early movers here on wall street. (music throughout) why turbo? trust us. it's just better to be in front. the sonata turbo. from hyundai. all stations come ov
we're also watching what's happening in the energy space. a pullback after hitting the yearly highs for brent crude and for refined fuels on friday. the pullback that we're seeing, though, in brent, really not that severe as traders are saying, technically it's still a bullish market. we're looking at bullish sentiment at the highest level since the long positions in the brent crude market. not much relief at the pump. prices at the pump about 30 cents higher than a month ago for unleaded...
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Feb 15, 2013
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energy stocks have had a great year, but the bottom line is they have all had a weak day today. finally take a look at the month, february. s&p 500 up 1.4%. maria, look at the rest of the world, all to the downside. we're outperforming everybody else. >> there you go. it looks like it's the best game in town. bob, you said something a minute ago. i want you to tell me when. when do people get the tax checks had. >> they are delayed because the irs would normally be senning out by the middle of january a large number of checks. they have been delayed several weeks because of the problems with -- with dealing with the fiscal cliff issues. >> thanks, bob. we'll see you a little later. after the break, some fishy trading apparently ahead of warren buffett's heinz announcement, the big deal that was announced this week. plus, trading at the nasdaq as early as 4:00 a.m. that was the fishy informing we're getting. we'll speak to a manager who can help pull back the curtain on these wall street moves. and two weeks away from the automatic spending cuts that will take place on march 1st.
energy stocks have had a great year, but the bottom line is they have all had a weak day today. finally take a look at the month, february. s&p 500 up 1.4%. maria, look at the rest of the world, all to the downside. we're outperforming everybody else. >> there you go. it looks like it's the best game in town. bob, you said something a minute ago. i want you to tell me when. when do people get the tax checks had. >> they are delayed because the irs would normally be senning out...
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Feb 19, 2013
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they're able to recapture the energy of the braking, and i think the energy saving per vehicle is staggering. i mean this is the kind of stuff, and it's a very successful. they raised the dividend three times last year. they were only one of five companies in america that have raised their dividend every year for the last four or five years. >> what's your connection with parker hanoven. >> i own stock. i got to know the chairman, in fact i tried to see if he was available for an interview. >> you've got to bring these guys on. >> i only was asked on friday. wonderful company. wonderful people. i spent a day out there last summer. solid, rock -- if america's going to make a come back it's going to be for companies like this. >> can you buy maaco, is that public? >> public. >> robotic. >> surgical procedures for knees. i mean, there's -- >> knees and hips. >> knees and hips. >> you own that, too? >> yes. you look at parker hanoften, you look at caterpillar, it's on the backs of these companies that we're going to come back. why? because quality products, solid management, maniacal about costs
they're able to recapture the energy of the braking, and i think the energy saving per vehicle is staggering. i mean this is the kind of stuff, and it's a very successful. they raised the dividend three times last year. they were only one of five companies in america that have raised their dividend every year for the last four or five years. >> what's your connection with parker hanoven. >> i own stock. i got to know the chairman, in fact i tried to see if he was available for an...
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Feb 19, 2013
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the area that i still think has the most room right now is energy. specifically exploration and protection. they have not kept pace over the last couple of years with the rest of this market, so, if you want to own the basket, the ticker is ieo. specific names, look at apache, every one of these charts looks incredible and valuation-wise, they still have room. >> why not go with the refiners? >> what i'm pointing to you is the next refinery -- the refiners, those charts are hockey sticks. you want to focus on companies that can do what the refiners have done. if you get an uptick in nat gas and oil, these are the names most levered to it. and they are not screamingly expensive. >> hi, guy. >> hi, mel. oracle. i'm not a believer we're breaking out. we'll get into that later. >> why not? >> do you want me to give you the top trade? >> go ahead. >> look at oracle, the deal got approval today. that stock has been on fire. going to basically make a 13-year high in the next couple of days. i think oracle still works here. they do everything right. valuatio
the area that i still think has the most room right now is energy. specifically exploration and protection. they have not kept pace over the last couple of years with the rest of this market, so, if you want to own the basket, the ticker is ieo. specific names, look at apache, every one of these charts looks incredible and valuation-wise, they still have room. >> why not go with the refiners? >> what i'm pointing to you is the next refinery -- the refiners, those charts are hockey...
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Feb 14, 2013
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we've talked about energy and the potential for energy, exploration in this country. it seems like shale is increasingly being seen as one of the most important developments in the united states? >> absolutely. the story, just think about this. again, about a year ago, certainly in the aftermath of the 2008-2009 crisis we've seen u.s. gdp 1.5 and 2%. this is not the story we're seeing in europe. the u.s. story, the interesting story around the housing rebound. no seller is not constructive or positive about it, but there's something going on here that feels like there's momentum and obviously looking at the m & a story, three big-time transactions in the market. i think it's turning around. >> so do you feel that europe is on the right track though? >> i think there's a lot of scope for policy intervention, and i'm pretty optimistic that they are at a point where they will be more active. >> do you see bumps along the road? >> absolutely. i think the big ones are repayments, repayments scheduled, the election in germany and we all know, i believe that angela merkel wi
we've talked about energy and the potential for energy, exploration in this country. it seems like shale is increasingly being seen as one of the most important developments in the united states? >> absolutely. the story, just think about this. again, about a year ago, certainly in the aftermath of the 2008-2009 crisis we've seen u.s. gdp 1.5 and 2%. this is not the story we're seeing in europe. the u.s. story, the interesting story around the housing rebound. no seller is not...
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Feb 16, 2013
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you want his or her energy and thoughts on this being the greatest day for them as well. so i just want you to consider weddings are weddings, that you don't have to get caught up in this magnificent wedding. can you just get caught up in the magnificent idea that both of you can compromise and that both of you can come together and so when both of you say "i do," that hopefully you never get to the point of where you're saying i wish i hadn't. now you know. so until next week, there's really only one thing that i want you to remember when it comes to your money and that's people first, then money, then things. k.t., i love you so very, very much. you are my one and only valentine. now, all of you stay safe. >>> this is "options action." tonight, retail wreck. walmart posts its worst month in seven years. so is costco next? dan has a trade to make you a lot of money. plus, metal melt down. some say 1500 is the next step. and breathing life into the billionaire brawl continues with carl icahn firing the latest shot. >> the fact that i don't like ackman is the strawberry on
you want his or her energy and thoughts on this being the greatest day for them as well. so i just want you to consider weddings are weddings, that you don't have to get caught up in this magnificent wedding. can you just get caught up in the magnificent idea that both of you can compromise and that both of you can come together and so when both of you say "i do," that hopefully you never get to the point of where you're saying i wish i hadn't. now you know. so until next week,...
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Feb 12, 2013
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his agenda is expected to include more money for clean energy, infrastructure. some of the money will be repackaged from his first term. cnbc does have special coverage of the state of the union address tonight from 9:00 to 11:00 p.m. eastern. so it could be a late one. joining us now, sara fagan, cnbc strategist. former white house political director george w. bush. sara, good morning. good morning. >> what do you expect to hear from the president tonight? what's the point or what kind of agenda is he going to set out for his second term? >> well, i think you'll see him depart a bit from his inaugural address, which was surprisingly social and surprisingly liberal focus. i think people expected him to talk about entitlement reform and he didn't do that. he won't go that far tonight, but he will focus on the economy. and specifically what we'll see him talk about is making the economy work for everybody. still a huge focus on the middle class. lifting up people in lower incomes and putting them back aggressively in this economy. >> do you think we'll hear specif
his agenda is expected to include more money for clean energy, infrastructure. some of the money will be repackaged from his first term. cnbc does have special coverage of the state of the union address tonight from 9:00 to 11:00 p.m. eastern. so it could be a late one. joining us now, sara fagan, cnbc strategist. former white house political director george w. bush. sara, good morning. good morning. >> what do you expect to hear from the president tonight? what's the point or what kind...
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Feb 13, 2013
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but when i started losing energy and became moody... that's when i had an honest conversation with my doctor. we discussed all the symptoms... then he gave me some blood tests. showed it was low t. that's it. it was a number -- not just me. [ male announcer ] today, men with low t have androgel 1.62% (testosterone gel). the #1 prescribed topical testosterone replacement therapy, increases testosterone when used daily. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a child, or signs in a woman, which may include changes in body hair or a large increase in acne, possibly due to accidental exposure. men with breast cancer or who have or might have prostate cancer, and women who are or may become pregnant or are breastfeeding, should not use androgel. serious side effects include worsening of an enlarged prostate, possible increased risk of prostate cancer, lower sperm count, swelling of ankles, feet, or body, enlarged or painful breas
but when i started losing energy and became moody... that's when i had an honest conversation with my doctor. we discussed all the symptoms... then he gave me some blood tests. showed it was low t. that's it. it was a number -- not just me. [ male announcer ] today, men with low t have androgel 1.62% (testosterone gel). the #1 prescribed topical testosterone replacement therapy, increases testosterone when used daily. women and children should avoid contact with application sites. discontinue...
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Feb 19, 2013
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let's check on energy and commodities. gasoline continues to be the story. >> we're looking at a bit of a pullback in the futures market for oil and gasoline. it's misleading because gasoline futures are up 3% from where they were a year ago. in fact, they're up 11% in the past month and that has caused considerable pain at the pump. we're talking about 33 days straight of higher retail gasoline prices and right now that pain at the pump getting pretty severe, a 45 cent jump in gasoline retail prices in just the last month. the national average now is $3.75 a gallon, $3.60 a week ago, $3.30 a month ago. elsewhere in the energy space we're looking at a spike in natural gas futures, natural ast getting a bit of a lift. the fact remains we're still in a range for national gas, getting a bit of a bump in this session. >> rick santelli is with the exchange. >> we have ed pinto, former executive of fannie and american enterprise resident fellow currently. welcome, edward. >> pleasure, rick. >> well, listen, you know, i think tha
let's check on energy and commodities. gasoline continues to be the story. >> we're looking at a bit of a pullback in the futures market for oil and gasoline. it's misleading because gasoline futures are up 3% from where they were a year ago. in fact, they're up 11% in the past month and that has caused considerable pain at the pump. we're talking about 33 days straight of higher retail gasoline prices and right now that pain at the pump getting pretty severe, a 45 cent jump in gasoline...
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Feb 11, 2013
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of today with what we are seeing is weakness in the energy sector. along with consumer discretionaries and materials, keep in mind we have weakness in gold and gold stocks today. that puts pressure on that group along with telecom stocks in today's session. that is offsetting the strength we are seeing in utilities as well as financials. both of those have been fairly strong throughout the day. i stand corrected on utility. they are weaker now but financials have been better performers. these are some weaker or leading decliners, which right now, is down just about 2.25 point. mandy, back to you. >> rick, we have new treasury supply. state of the union address tomorrow. what do we need to focus on for treasuries? >> i think in terms of the supply, i'm not worried. traders down here aren't worried. i think with the sluggish growth in europe, look for the auction to go well in terms of the inaugural address. many traders down the here would consider this an economic market fundamental to pay attention to. but they don't think the president will play a
of today with what we are seeing is weakness in the energy sector. along with consumer discretionaries and materials, keep in mind we have weakness in gold and gold stocks today. that puts pressure on that group along with telecom stocks in today's session. that is offsetting the strength we are seeing in utilities as well as financials. both of those have been fairly strong throughout the day. i stand corrected on utility. they are weaker now but financials have been better performers. these...
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Feb 18, 2013
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but when i started losing energy and became moody... that's when i had an honest conversation with my doctor. we discussed all the symptoms... then he gave me some blood tests. showed it was low t. that's it. it was a number -- not just me. [ male announcer ] today, men with low t have androgel 1.62% (testosterone gel). the #1 prescribed topical testosterone replacement therapy, increases testosterone when used daily. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a child, or signs in a woman, which may include changes in body hair or a large increase in acne, possibly due to accidental exposure. men with breast cancer or who have or might have prostate cancer, and women who are or may become pregnant or are breastfeeding, should not use androgel. serious side effects include worsening of an enlarged prostate, possible increased risk of prostate cancer, lower sperm count, swelling of ankles, feet, or body, enlarged or painful breas
but when i started losing energy and became moody... that's when i had an honest conversation with my doctor. we discussed all the symptoms... then he gave me some blood tests. showed it was low t. that's it. it was a number -- not just me. [ male announcer ] today, men with low t have androgel 1.62% (testosterone gel). the #1 prescribed topical testosterone replacement therapy, increases testosterone when used daily. women and children should avoid contact with application sites. discontinue...
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i get the energy policy, if we open up and go. we replace chu, live, a jackson, these are people when you replace them, watch those appointments. >> it will be worse. >> pray to god you're wrong. if we can get the regulators to turn maybe not 180 but turn 120 so their slogan every day is come in and find a better way to create a good economy and jobs. wait a minute. don't come in with an attitude of let's get the bastards. >> they are going to turn 360. >> are there any names you like out there that you think would be palatable to administration but business as well. >> i don't know people. i just want somebody that comes in and has a goal of regulating sensibly and creating jobs, not being punitive. i like the president's immigration lines in the announcement. i think he was right on the button, if he can hold to that, fix the border, get a path to citizenship and keep people that we educate. i'm telling you, in government trade, he mentioned that. let's do it. it take us four years to get panama and south korea done. it was on t
i get the energy policy, if we open up and go. we replace chu, live, a jackson, these are people when you replace them, watch those appointments. >> it will be worse. >> pray to god you're wrong. if we can get the regulators to turn maybe not 180 but turn 120 so their slogan every day is come in and find a better way to create a good economy and jobs. wait a minute. don't come in with an attitude of let's get the bastards. >> they are going to turn 360. >> are there any...
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going to talk about increased government spending in education, increased government spending in clean energy, what's your reaction to sna? >> we had four trillion deficits in a row. he just got a lot of revenue. he's going to get a lot of spending cuts. we ought to get serious now and redistribute those in a more rational way. but talking about, you know, aggressive new spending right now is not likely to get a favorable hearing in congress. the votes aren't there for it. and they shouldn't be until we have serious deficit reduction and until the president will talk about where the real problem is. that's entitlements. we're willing to do that. he hasn't been. >> what if we don't fix entitlements? what if there's no plan? what's the downside risk? >> well, tremendous downside risk. remember, the sequester is just one thing. you have the continuing resolution coming up which is all government spending. some time after that between mid-may and the first of august, you've got the debt ceiling. i think those things are going to involve some serious discussion about long-term entitlement spending
going to talk about increased government spending in education, increased government spending in clean energy, what's your reaction to sna? >> we had four trillion deficits in a row. he just got a lot of revenue. he's going to get a lot of spending cuts. we ought to get serious now and redistribute those in a more rational way. but talking about, you know, aggressive new spending right now is not likely to get a favorable hearing in congress. the votes aren't there for it. and they...
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Feb 13, 2013
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but leon will step out and he will also own growth and it's obvious he owns growth in a lot of his energy and he owns growth in -- >> dr. j. you're dying owns -- >> dr. j, you're dying to get in, i can see. >> i don't disagree. i think he is frustrated as many of his peers are about that capital allocation and i think the stock performance was the number one thing that took him out, michelle, and we can ask him next time he is on. but maybe number two or maybe even number one was that capital allocation. the fact that they didn't address any of it when the tax structure was lower last year and the fact that they have basically put up a big red light as far as listening to einhorn or anybody else with what they should do with their capital. i think the board is deaf here and i think that -- >> let me talk to the man in my head. do we know if this is in response to what tim cook did or didn't do? nothing on timing yet. >> okay, the euro that's been on a tear to start off the year is largely flat. currency traders await the upcoming meeting. let's get to the trade with andy bush of the bush
but leon will step out and he will also own growth and it's obvious he owns growth in a lot of his energy and he owns growth in -- >> dr. j. you're dying owns -- >> dr. j, you're dying to get in, i can see. >> i don't disagree. i think he is frustrated as many of his peers are about that capital allocation and i think the stock performance was the number one thing that took him out, michelle, and we can ask him next time he is on. but maybe number two or maybe even number one...
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Feb 12, 2013
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clean energy stocks continuing its run, as well. so, we saw solar stocks across the board going higher today. we should note, cnbc will have full coverage of the state of the union address tonight at 9:00 p.m. eastern time. let's get more on what we can expect here. the senior analyst at guggenheim partners -- i love -- chris krueger, the graphic was just -- >> chris, if you didn't get a chance to e so it, that was exciting stuff. >> no problem. >> chris, in terms of what the president will lay out, will jobs and the economy be number one in your view? >> absolutely. i mean, this is -- what we're going to see tonight is basically the sequel to the inaugural that we saw three weeks ago with a real focus on middle class job growth and job creation with sort of climate change, immigration reform, gun control and the sequester sort of taking a secondary role. >> and in terms of how he -- his tone will be received, he received a lot of criticism during his inaugural address for being too strident, for almost being arrogant in how he addr
clean energy stocks continuing its run, as well. so, we saw solar stocks across the board going higher today. we should note, cnbc will have full coverage of the state of the union address tonight at 9:00 p.m. eastern time. let's get more on what we can expect here. the senior analyst at guggenheim partners -- i love -- chris krueger, the graphic was just -- >> chris, if you didn't get a chance to e so it, that was exciting stuff. >> no problem. >> chris, in terms of what the...
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Feb 14, 2013
02/13
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et cetera, i think that that's the kind of market that the market gets excited b.industrials, too, energy, too. we want to see that kind of activity. >> buy japan. we talk about it week after week. buy japan on a heblged basis if you can find it that way. look at the jobs number. the fed, the new fed is the employment report, and the ability to most markets. if you get 190 or 200,000 on march 1st, two weeks from tomorrow, that's the february jobs number, you're going to see the market lift. you want to see profits, production. you want to see personal income, and you want to see politics. that's one thing that could stall the market if you've got a fiscal sequestration. >> why are you so hot on japan? i know japan has rallied so much? why do you think it's going to continue? >> mr. shirakawa will leave room for mr. abe to put in a person that will gradually weaken the yen and stimulate the economy and get it the into inflation of a 2% target. we like the japanese exporters. they don't want to get the other countries upset with them. >> right. >> and come after them for a better thy neighb
et cetera, i think that that's the kind of market that the market gets excited b.industrials, too, energy, too. we want to see that kind of activity. >> buy japan. we talk about it week after week. buy japan on a heblged basis if you can find it that way. look at the jobs number. the fed, the new fed is the employment report, and the ability to most markets. if you get 190 or 200,000 on march 1st, two weeks from tomorrow, that's the february jobs number, you're going to see the market...
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Feb 16, 2013
02/13
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only one could be a tech stock, only one a health care stock, only one a financial, only one can be an energy company only one an industrial and only one can be a food and beverage maker. what if you're not sure? always err on the side of caution. if two stocks trade together, if the underlying companies succeed or fail based on the same factors, then you're not diversified. an oil driller and oil producer, we often get those on wednesday, people think they're different. they're both part of the same sector. software and hardware, they're both techs, like it or not. i'm not doing this to be arbitrary or capricious or make it more difficult now to pick stocks. these aren't vague technicalities. when you get too concentrated in one area the moment something bad happens one to of those big stocks, you're going to want to throw yourself off a bridge because the losses will be enormous. imagine if you owned too many industrials when the global economy started slowing down because of europe and fast growing economies like china slammed on the brakes with higher interest rates. you got obliterated.
only one could be a tech stock, only one a health care stock, only one a financial, only one can be an energy company only one an industrial and only one can be a food and beverage maker. what if you're not sure? always err on the side of caution. if two stocks trade together, if the underlying companies succeed or fail based on the same factors, then you're not diversified. an oil driller and oil producer, we often get those on wednesday, people think they're different. they're both part of...
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Feb 15, 2013
02/13
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health care and energy, but not much value in consumer staples. not much value in the high flying consumer discretionary names. you have to be much more careful. >> the doctor is virtual today but doc give us some ideas. >> i think pete nailed it as far as the fact that a lot of folks when they do lighten up on their equity holding, scott, they still want that exposure. they are getting it in options. whether it was the folks that bought a lot of equity, puts which i said last week people misread that. they didn't know they bought puts and bought that contract as well. that's a synthetic call. that's the same kind of trade you saw in heintz this week. in other words, people are reaching out there and they are trading these derivatives more actively. the premiums are cheaper. that gives them more bang for the buck. >> well the battle over apple is heating up as some of wall street's biggest players take sides. new filings show the likes of david einhorn and david tepper increasing their stakes while dna loeb and leon cooperman dumped it. who should
health care and energy, but not much value in consumer staples. not much value in the high flying consumer discretionary names. you have to be much more careful. >> the doctor is virtual today but doc give us some ideas. >> i think pete nailed it as far as the fact that a lot of folks when they do lighten up on their equity holding, scott, they still want that exposure. they are getting it in options. whether it was the folks that bought a lot of equity, puts which i said last week...
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Feb 19, 2013
02/13
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president obama spoke very heavily about solar stocks and alternative energy and referenced him again in his inaugural, and they have been up really since november. >> thanks, bob. a market that is rallying here. the market is 40 minutes before the closing bell sounds, and the market is higher, 52 points, and the s&p 500 showing a nice move on the upside, as you can see there. if you can't beat them, join them. best buy is set to begin price matching against online retailers. find out which shock you're better off with next? >> after a huge outcry from fans, including bill and myself, was this a marketing debacle like new coke or stroke of genius to drive sales? stay with us here on "closing bell." would define you as an innovator. to hold more than one patent of this caliber... would define you as a true leader. ♪ to hold over 80,000... well that would make you... the creators of the 2013 mercedes-benz e-class... quite possibly the most advanced luxury sedan ever. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. >>> welcome b
president obama spoke very heavily about solar stocks and alternative energy and referenced him again in his inaugural, and they have been up really since november. >> thanks, bob. a market that is rallying here. the market is 40 minutes before the closing bell sounds, and the market is higher, 52 points, and the s&p 500 showing a nice move on the upside, as you can see there. if you can't beat them, join them. best buy is set to begin price matching against online retailers. find out...
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Feb 12, 2013
02/13
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he's also, we expect, going to talk about infrastructure, manufacturing, energy and education and making investments that is spending in all of those. we'll hear some of his ideas on the sequester and the debt crunch facing the united states and also, of course, those social issues that are going to be so important. guns and immigration. they are going to draw a lot of attention in this speech tonight and one thing to look for here, maria, apple ceo tim cook is expected to be sitting in the first lady's box tonight as a guest of the first family and one undercation we may hear of insourcing of jobs which is something apple has received notice for recently and trying to bring some of the manufacturing jobs back from overseas to the united states, maria. >> all right. thank you so much. as we contemplate what the president may or may not include in the speech tonight we want to know what wall street wants to hear that could send stocks to an all-time high this week or lower. joining us now to break that down, cnbc contributor rich bernstein and anthony chan of chase wealth management. good
he's also, we expect, going to talk about infrastructure, manufacturing, energy and education and making investments that is spending in all of those. we'll hear some of his ideas on the sequester and the debt crunch facing the united states and also, of course, those social issues that are going to be so important. guns and immigration. they are going to draw a lot of attention in this speech tonight and one thing to look for here, maria, apple ceo tim cook is expected to be sitting in the...